WPC  AcУ;Ƞ٬#v×oh+J$&oRY>QJ.;Y^zf"pcuFQyn^f4r 0< 0<< 0nxU FU J,UFv 0#fUN' %u M{ ( N ^ w 4  m \  `&Times New Roman' Tomran, Inc thomast0thomast .   <:Default Para<:Footnote Ref< :Endnote TextXXX7\  `.Times New Roman TURkIA`2WP TypographicSymbols.\  `.Times New Roman TUR#|x(r$..       X X HP LaserJet 5M,,,,0(9 Z6Times New Roman Regular Xy/ h.yweb0U  !..       X X   _       B.` hp x (#XBXXXXXX _Tomran_,Inc.v.WilliamB._Passano_,Jr.,etal,CaseNo.:24C02002561,2003_MDBT_Ԁ3  (CircuitCourtforBaltimoreCity)(December30,2002)(perAlbertJ._Matricciani_,Jr.)  Plaintiff_Tomran_,Inc.assertedthatitowned4,800AmericandepositorysharesinAllied b IrishBanks(XAXXX _AXXXXA AIB_XAXXX @XXXXA )anddemandedthatthechairmanof_AIB_Ԁandthechairmanof_Allfirst_ H Financial,Inc.,takeimmediateactiontorecoverlossesfromcurrencytradingdoneby 0  John_Rusnak_,anemployeeof_Allfirst_.Thereafter,_Tomran_Ԁfiledaderivativeactionon  f behalfof_AIB_Ԁwithrespecttotheforeigncurrencytradinglosses._Tomran_Ԁwaspermitted  L tofileanamendedcomplaintstyledasaXAXXX _AXXXXA triple_ԀderivativeXAXXX @XXXXA actiononbehalfof_Allfirst_Ԁbya  2 shareholder,statingactionsinnegligenceandgrossnegligence,andaskingfora    declaratoryjudgmentandaninjunction.Defendantsfiledamotiontodismiss.   Holding:Motiontodismissgranted._Tomran_Ԁlackedstandingtobringtheaction. |  Synopsis:DefendantsassertedthattheXAXXX _AXXXXA internal_ԀaffairsdoctrineXAXXX @XXXXA wasacompletebartothe H  action.Thecourtheldthatalthoughtheinternalaffairsdoctrineremainsviablein 0  Maryland,inthecaseathanditwouldnotbeapplied:theinternalaffairsdoctrinehas f evolvedintoaconflictoflawsissue,whichentailsaforumnon_conveniens_analysiswhich L favoredtheplaintiff. 2 Withrespecttothechoiceoflaw,thecourtheldthatthelawoftheplaceofincorporationXAXXX BXXXXA   IrelandXAXXX BXXXXA governstherightsandresponsibilitiesofthepartieswithrespecttoitsinternal  operations.Thus,theCourtappliedIrishlawindeterminingthe_sustainability_Ԁof ~ _Tomran_XAXXX =XXXXA sclaims. d Invokingsections10501and10502oftheCourtsandJudicialProceedingsArticle,the 2 CourtcalleduponcounseltoaiditinobtaininginformationonthelawsofIreland, h England,andtheCommonwealthcountries,includingaffidavitstatementsfrommembers N oftheEnglishandIrishbars. 4 ApplyingthelawofIrelandasitexiststoday,withoutpredictingwhatthatlawmaystatein  thefuture,thecourtfoundnosupportfortheassertedrightofabeneficialownersuchas   _Tomran_Ԁtobringaderivativeactionagainst_AIB_.Thus,_Tomran_Ԁlackedstanding. |!   P E.` ` hp x (#X(#ECounsel: ` CyrilV.Smith,Esquire H#"  P E.` hp x (#` X(#ECharlesJ._Piven_,Esquire .$~# MarshallN.Perkins,Esquire %d $ AndrewJ.Graham,Esquire %J!%  ѿXXѿѿѿ